![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
m_d_hTesla is by far the most overvalued and overheld US stock right now. Growth stocks have been on a delusional rise for most of 2020 -- QQQ is up 50% in the past year -- but Tesla is by far the most delusional of the QQQ bunch. I'd call Tesla the Bitcoin of US equities, because its price is so far above its actual value you may as well be investing in Bitcoin. It's trading at 1000 times earnings, 20 times revenues -- it's ridiculous. I'd say it's true value is maybe 5-10% of its current stock price.
They make electric cars and solar panels. So the fuck what. So does everybody else.
But I already tried selling QQQ short earlier this year. I'm not fighting this delusion anymore. Valuations always eventually come back to earth. But bubbles can continue for years before they pop.
They make electric cars and solar panels. So the fuck what. So does everybody else.
But I already tried selling QQQ short earlier this year. I'm not fighting this delusion anymore. Valuations always eventually come back to earth. But bubbles can continue for years before they pop.